Sanctuary Advisors LLC Acquires New Stake in Crown Castle Inc. $CCI

Sanctuary Advisors LLC acquired a new stake in Crown Castle Inc. (NYSE:CCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 66,885 shares of the real estate investment trust’s stock, valued at approximately $5,065,000.

Several other hedge funds also recently bought and sold shares of CCI. Binnacle Investments Inc lifted its position in shares of Crown Castle by 10.9% during the third quarter. Binnacle Investments Inc now owns 1,295 shares of the real estate investment trust’s stock worth $125,000 after purchasing an additional 127 shares during the last quarter. Front Row Advisors LLC boosted its stake in shares of Crown Castle by 1.4% during the first quarter. Front Row Advisors LLC now owns 9,305 shares of the real estate investment trust’s stock valued at $757,000 after purchasing an additional 130 shares during the period. Hilton Head Capital Partners LLC grew its holdings in shares of Crown Castle by 55.6% in the first quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 134 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of Crown Castle by 10.2% in the first quarter. CENTRAL TRUST Co now owns 1,488 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 138 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in Crown Castle by 3.9% in the 4th quarter. Principal Securities Inc. now owns 3,754 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 142 shares during the period. Institutional investors own 90.77% of the company’s stock.

Crown Castle Price Performance

NYSE:CCI opened at $76.38 on Tuesday. Crown Castle Inc. has a 1-year low of $69.72 and a 1-year high of $104.08. The company has a 50-day moving average of $77.61 and a 200 day moving average of $84.05. The firm has a market cap of $32.50 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 0.40 and a beta of 0.95.

Crown Castle (NYSE:CCI) last issued its earnings results on Wednesday, July 22nd. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.17). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $995.05 million. Crown Castle had a negative return on equity of 51.60% and a net margin of 20.71%.The firm’s revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Crown Castle has set its FY 2026 guidance at 4.530-4.650 EPS. Sell-side analysts anticipate that Crown Castle Inc. will post 4.39 EPS for the current fiscal year.

Crown Castle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $1.0625 per share. The ex-dividend date is Tuesday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 5.6%. Crown Castle’s dividend payout ratio (DPR) is currently 215.74%.

Wall Street Analyst Weigh In

CCI has been the subject of several research reports. Citigroup reissued a “market outperform” rating on shares of Crown Castle in a research report on Friday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of Crown Castle from $95.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a research report on Wednesday, August 19th. The Goldman Sachs Group initiated coverage on shares of Crown Castle in a research note on Friday, June 26th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Truist Financial lowered their price target on Crown Castle from $95.00 to $87.00 and set a “hold” rating for the company in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Crown Castle presently has a consensus rating of “Moderate Buy” and an average target price of $95.13.

Insider Transactions at Crown Castle

In related news, VP Robert Sean Collins sold 1,500 shares of Crown Castle stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $75.89, for a total transaction of $113,835.00. Following the transaction, the vice president directly owned 5,113 shares of the company’s stock, valued at $388,025.57. This trade represents a 22.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.